Wednesday, February 17, 2010

The Great Indian Tamasha - Annual Budget

Everything in India has to be a big tamasha.
Which is not such a bad thing.
Provides lots of entertainment before, during and for a few days after the event.

Take the annual budget for instance.
It is not that the course of India's economy is going to turn on its head on this one single day.
What India needs huge dollops of investment in infrastructure.
And good governance.
Instead there will be some budgetary allocation (redistribution) to various economy sectors.
Lots of talk about inclusive growth.
Some more tax loads on the most easily targeted income group, the salaried class.
So what is new?

There is a lot of talk about giving impetus to the continued growth of the economy. So does it have to wait for this one day?

But if you see the hype surrounding every budget on TV, one would feel that the whole Indian Economy comes to standstill waiting for some earth-shattering announcement by the Finance Minister.
What rubbish!

It is in the execution, people; not budgeting.

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1 comment:

Arun menon said...

lol.. that was a funny way to look at the indian budget..

everybody dont want anything that will effect that to be included in the budget.. good luck to the govt

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